Canadian Utilities (TSE:CU) Price Target Raised to C$39.00

Canadian Utilities (TSE:CU) had its target price hoisted by investment analysts at Royal Bank of Canada from C$38.00 to C$39.00 in a report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 12.33% from the company’s previous close.

CU has been the topic of a number of other research reports. National Bankshares upped their price target on Canadian Utilities from C$34.00 to C$37.00 in a report on Friday, August 23rd. Scotiabank increased their price target on Canadian Utilities from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets upped their price objective on Canadian Utilities from C$35.50 to C$37.00 in a report on Thursday, September 5th. Finally, CIBC increased their price target on Canadian Utilities from C$34.00 to C$35.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th.

Canadian Utilities Stock Performance

CU stock traded up C$0.34 during trading on Friday, hitting C$34.72. The company had a trading volume of 161,763 shares, compared to its average volume of 503,346. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 149.94. The firm has a 50-day moving average price of C$35.43 and a 200-day moving average price of C$32.75. Canadian Utilities has a 1-year low of C$29.15 and a 1-year high of C$37.10. The firm has a market cap of C$7.12 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66.

Canadian Utilities Company Profile

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.